Alphabet Beats Wall Street's Earnings Estimates

Alphabet Beats Wall Street's Earnings Estimates

br According to Reuters, Google's parent company beat Wall Street's expectations for their second quarter profit margin.br Posted after the closing bell, Alphabet shares jumped over 5-percent in after-hours trading.br In their second quarter report, Alphabet posted adjusted earnings per share of $10.58, beating analyst estimates by $1.br Before adjustments, Alphabet recorded $11.75 earnings per share.br Overall, Alphabet reported $32.66 billion in second-quarter revenue, 86-percent of which came from Google’s advertising business.


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Uploaded: 2018-07-24

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